Financing?

Schematic drawings are finalized, and the Commissioners are now working with the architect team and Sheriff’s Department to review and right-size some elements of the jail while trying to keep costs as low as possible. We have now made an official request to County Council which has not been acted upon. 

There are several possible ways to fund the jail project and County Council will make that decision. No matter which way is selected, bonds will be issued to pay for the construction of the jail. These bonds will be repaid over time just like a mortgage. County Council could choose to repay the bonds with property taxes, income taxes, or a combination of the two. County Council could also choose to use available cash on hand to decrease the amount that needs to be bonded (think of this like a down payment on a house which would decrease the size of your mortgage). Whatever option they choose, some form of public input will be available and/or required.

Show All Answers

1. What is in this $320M package?
2. Financing?
3. Will the new facility be used as a revenue source for Allen County in taking in other inmates for payment?
4. Moving county offices to 2911 Meyer Road?
5. The current jail was not maintained. Will there be better upkeep with the new jail?
6. What process was used to select Elevatus Architect as the lead architect on the project?